OIL & GAS
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$8bn Investments Lift Oil Rig Count To 46
As part of efforts to improve the country’s daily production of hydrocarbon potential, crude oil producers operating in Nigeria have…
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Oil Firms Must Show Proof Of Local Content Remittances — FG
Operators in the upstream arm of the oil and gas sector have been mandated by the Federal Government to obtain…
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Oil Firms Remitted N57bn To Host Communities – FG
Oil and gas companies operating in Nigeria remitted a total of N57.07bn to Host Community Development Trusts in 2024, the…
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NNPC Grows Revenue To N6tn In May
The Nigerian National Petroleum Company Limited generated a total revenue of N6.008tn in May 2025, marking a marginal increase from…
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Unsettled Debts Threaten NNPC Power Plants, FG Plans Intervention
The Federal Government says it is considering strategic interventions to address power tariff challenges affecting gas supply and payment structures…
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TotalEnergies Projects N543m Q3 Profit
TotalEnergies Marketing Nigeria Plc has projected a profit after tax of N543m for the third quarter ending September 30, 2025,…
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Petrol Hits N955/Litre As Marketers, NNPCL Raise Prices
Retail outlets under the nameplate of the Nigerian National Petroleum Company Limited effected an upward adjustment in the pump price…
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Marketers Consult Foreign Traders For Cheaper Fuel Imports
Oil marketers say they have commenced negotiations with international traders to import cheaper Premium Motor Spirit (petrol) into Nigeria to…
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NERC Announces Grid Integration Deadline For Gencos
The Nigerian Electricity Regulatory Commission has issued a mandatory directive requiring all grid-connected power generation companies to fully integrate their…
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Fuel Distribution Scheme Will Create Jobs, Says Dangote Refinery
The Dangote Petroleum Refinery has said its plan to distribute Premium Motor Spirit (petrol), diesel and other petroleum products to…
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Dangote Launches Nationwide Fuel Distribution Amid Tanker Blockade
The Dangote Petroleum Refinery has announced plans to begin a nationwide distribution of Premium Motor Spirit (petrol) and Automotive Gas…
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Brent Bounce: Nigerian Crude Hits $77 As Israel-Iran Tensions Boil
Nigeria’s major crude grades—Bonny Light, Brass River, and Qua Iboe—rose above $77 per barrel on Friday and sustained the rise…
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NNPCL Remits N4.2tn To Govt, Continues Refinery Upgrade
The Nigerian National Petroleum Company Limited on Thursday revealed that the total statutory payments it made to the federation account…
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FG To Revoke Dormant Oil Licences With New Policy
The Nigerian Upstream Petroleum Regulatory Commission has told oil producers that it is set to implement the ‘drill or drop’…
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Gas Producers Urge FG To Clear Legacy Debt
Companies producing gas and selling to electricity generation companies have called on the Federal Government to address the legacy debt…
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OPS Pushes For Refinery Sell-Off After $2.4bn Wobbly Repairs
Following the seemingly botched repairs of the Port Harcourt and Warri refineries, after both plants gulped about $2.4bn and returned…
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Tetracore, Dangote Cement Expand Clean Energy Partnership
Tetracore Energy Group Limited, an integrated energy solutions provider with a growing portfolio in natural gas and power delivery across,…
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Discos Raise Bills 107% Despite Poor Power
Electricity distribution companies recorded a shortfall of over N202bn in their revenue collections for the first quarter of 2025, despite…
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Dangote Refinery Should Sell Petrol Below N800/litre – Marketers
The Independent Petroleum Marketers Association of Nigeria has said the Dangote Petroleum Refinery should sell Premium Motor Spirit (petrol) below…
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Oil Firms Scramble To Convert Licences As June Deadline Looms
The Nigerian Upstream Petroleum Regulatory Commission says several licensees have formally applied for the conversion of their Petroleum Prospecting Licences…
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